Bitcoin News Summary – May 20, 2019

The post Bitcoin News Summary – May 20, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??? Crypto markets this week reached their highest level since August of 2018. Markets then corrected downwards, however, sentiment is still bullish, with major news networks covering the resurgence of crypto. Bitcoin, Ethereum, BCH, and Gemini exchange’s US Dollar-based stablecoin can now be used to

Bitcoin News Summary – May 27, 2019

The post Bitcoin News Summary – May 27, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? Facebook is said to be finalising plans to launch its own cryptocurrency next year. testing of the cryptocurrency, referred to internally as GlobalCoin, will start by the end of this year. Facebook is expected to outline plans in more detail this summer, and has

Coincheck’s $500m hack changed Japan’s regulatory stance on virtual assets, claims exchange’s President

The cryptocurrency ecosystem isn’t averse to cases of serious financial crimes, including hacks which have often plagued cryptocurrency exchanges around the world. One of the largest hacks in the crypto-ecosystem was recorded by Mt.Gox exchange back in 2014, with the exchange losing over $450 million worth of digital assets. However, the Mt. Gox episode was […]

Intelligent Mobility initiative by University of Nevada, Reno selects Filament’s blockchain IoT technology for autonomous vehicle smart city project

The Intelligent Mobility initiative by the University of Nevada, Reno has selected complete enterprise blockchain Internet of Things (IoT) solutions provider Filament’s blockchain IoT technology for autonomous vehicle smart city project. The selection will see Filament develop a new standard founded… The post Intelligent Mobility initiative by University of Nevada, Reno selects Filament’s blockchain IoT technology for autonomous vehicle smart city project appeared first on CoinReport.

IOST introduces OnBlock to let everyday users interact with on-network DApps with email, mobile number

Next-generation, app-friendly public blockchain infrastructure IOST is introducing OnBlock to enable everyday users to interact with Decentralized Apps (DApps) on the IOST network with just their email address or cell phone number to log in. The OnBlock platform, which is developed by an IOST node c… The post IOST introduces OnBlock to let everyday users interact with on-network DApps with email, mobile number appeared first on CoinReport.

Crypto Exchanges, Wash Trading and Why It’s Time for a Spring Clean

Fake news, fake companies, and fake liquidity – navigating the cryptocurrency market is often as clear as mud, especially considering up to 86 percent of total reported cryptocurrency trading volumes are likely to be false, according to research compiled by The Block. The traditional finance sector is no stranger to wash trading and neither is the digital asset market, with several crypto exchanges supposedly getting their hands dirty in order to clean up trading volumes. BKEX, a crypto exchange registered in the British Virgin Islands, was reportedly found to be copying Binance’s trade history to the exact number, manipulating trade volumes to create the illusion that it was an attractive platform to buy and sell digital assets. Why? Because more trading activity translates to a higher position on …

Long Bitcoin, Short the Bankers? Why Artist Akon Loves BTC

Akon — you know, the artist behind songs like “Don’t Like Me” and “Lonely” — is a fan of Bitcoin. Related Reading: Why Once a Bitcoin Skeptic CNBC Anchor Became an Enthusiast This week, the (dare I say) legendary music producer took to the “The Breakfast Club”, a prominent radio show followed by literal millions, to talk Bitcoin and cryptocurrency. And interestingly enough, he seems to have digested what makes decentralized forms of money better than their centralized counterparts. In other words, he’s “woke”. The Currency of the People “Cryptocurrencies are actually much more stable than fiat money” may read like any old tweet from a Bitcoin maximalist, but this was the opening declaration Akon made during his interview. As …

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price. The key characteristic of a Ponzi scheme is that returns promised to early investors in a nonexistent enterprise are paid out with money put into the scheme by later investors. These sorts of scams fall apart when there are simply no new people to scam into “investing” in the project. At that point, the early…

Slush Pool Operator Braiins Set to Rollout Upgrades

Braiins, a cryptocurrency mining pool operator based in Prague, is rebranding its company’s operation and bringing all of its products under a single umbrella. Updates Are Coming Braiins is the company behind Slush Pool, the original cryptocurrency mining pool with a hash rate of 5.32 Eh/s, per its website. After operating in the mining sector for some years, it appears to be set for a brand makeover and it's pushing out some upgrades for its popular products — Slush Pool and Braiins OS. According to Braiins Creative Director Luboš Bura?inský, Slush Pool customers should expect upgrades on the payout processes and the inclusion of more tokens. “For Slush Pool, we are about to release a completely reworked payout section,” he told Bitcoin Magazine. “The new…

Bitcoin News Summary – June 3, 2019

The post Bitcoin News Summary – June 3, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? The long-running exchange LocalBitcoins removed the ability for users to arrange in-person cash trades. Only online payment methods remain. This move comes soon after the imposition of more stringent KYC and AML requirements, and spells the end of an era. Bisq, HodlHodl, LocalCoinSwap and

Bitcoin News Summary – June 10, 2019

The post Bitcoin News Summary – June 10, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????? America’s Securities and Exchange Commission filed a complaint against popular messaging app creator, Kik, for failing to register its recent “Kin” ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm; about the same value

MercadoLibre Mexico Adds Bitcoin Payments

If you’re not familiar with the name MercadoLibre, it’s basically South America’s version of Ebay. In fact, since 2001 — two years after it launched in Argentina — its main shareholder has been the US-based e-commerce titan itself. MercadoLibre was founded by Marcos Galperín — who still serves as CEO —, it currently employs over 3,000 people and operates in 12 South American countries aside from Argentina: Brasil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru, Portugal, the Dominican Republic, Uruguay and Venezuela. Today, MercadoLibre Mexico announced the integration of Bitcoin into its associated payments platform, MercadoPago (MercadoPago is to MercadoLibre what Paypal is to Ebay). Customers will now be able to pay using Bitcoin within MercadoLibre by choosing the option through the MercadoPago platform; this payment processor …

Trading Ripple: What You Need to Know

While the world is a big place, technology and trade has made it feel like a small village. Today, it is possible to travel across multiple continents within a day. It’s the same with financial transactions. Every day, hundreds of billions of dollars move across borders. But the movement of these funds has a reputation … Continue reading Trading Ripple: What You Need to Know The post Trading Ripple: What You Need to Know appeared first on CoinSpectator Blog.